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A new report published by the Federal Planning Bureau (BFP) estimates that the Belgian economy will grow by +1.4% in 2010. This figure compares to the less optimistic forecasts of +1% by the Bank of Belgium, +1.3% by the European Union and +1.2% by the International Monetary Fund.
BFP forecasts economic growth of +1.7% in 2011 and +2% for the period between 2013 and 2015.
However, the BFP's predictions on unemployment are less optimistic. The unemployment rate is expected to rise to 13.3% in 2010 and fall slightly to 13% during the period between 2013 and 2015. In 2009 unemployment in Belgium was 12.5% in average.
In order to comply with the budget requirements of the European Union the Belgian government will have to save 64 billion Euro over the next five years.